Medcare Shipping Linked to Five MR1 Tanker Order in China

pair of 41,000-dwt MR1 tankers ordered in 2024 and scheduled for delivery in 2027, according to shipping data platforms. Anhui Zhongrun Heavy Industry, based in Wuhu, said the new vessel series was developed by the Shanghai Merchant Ship Design and Research Institute and meets the latest International Maritime Organization requirements. The shipbuilder currently holds seven vessels in its orderbook, comprising four 33,000-dwt chemical/oil tankers, two bulk carriers and one feeder container ship. Earlier this month it agreed a deal with South Korean firms DM Shipping and Taikun Shipping for two 33,000-dwt tankers, following a July order from an undisclosed Greek owner for one 33,000-dwt tanker. In early August, Dimitris and George Vernicos also ordered two 41,000-dwt MR1 tankers at Wuhu Shipyard, for delivery through early 2029. According to Xclusiv Shipbrokers, the Handy/MR1 tanker orderbook represents about 11% of the existing fleet in dwt terms, with only eight vessels in the segment contracted so far this year as of late July.